Bitcoin (BTC) has surpassed US$105,100, marking significant advances in weekly estimates. The upward movement takes place in the context of enthusiasm amid the growing institutional revelation into the cryptocurrency ecosystem, in the midst of the global commercial war unleashed by the Cools.
The new price marks the expected amount after a certain increase recorded since May 17th. As growth is estimated to be over 2%, the price of digital currency is USD 105.522 At the end of this edition. Bitcoin has not reached this value since January last year. Only 3% Its past maximum is over USD 109,000.
On the subject, Bitfinex analysts warn that they still face technical resistance to the price of USD 106,000, and then the integration phase will be reached. This will open all the spaces For the new Bitcoin rallybecause markets show a signal of structural strength in the midst of greater integration with traditional financial systems.
The combination of institutional liquidity, improved regulatory awareness, and a positive macroeconomic environment will strengthen the upward papers for the coming months, analysts note. It will be added to this Psychological impulses exceeding 100,000 US dollarsmay serve as a support in future fixes.
Joel Kruger, market strategist for LMAX Groupsaid the rise is a sign that “Rally will return with a greater impulse.” For analysts, the growing global appetite due to regulatory risks and positive perceptions lays the basis for a sustained expansion of the sector. He highlighted the position of SEC President Paul Atkins, who ratified his intention to turn the United States into a Cryptocurrency Innovation Center.
Another factor that served as a catalyst for this expected rebound was the April Consumer Price Index (CPI) statistics. This time it was lower than expected in the US. That’s a signal It is interpreted as a possible relief for the Federal Reserve monetary policy. Currently, it is putting pressure on the impact of tariffs and the persistence of inflation.
It is also known that the market responded enthusiastically. By including Coinbase (Coin) in the S&P 500 Stock Index, it became the first native company in the cryptocurrency ecosystem to achieve this milestone.
As reported by Cryptonoticia, this progress in Coinbase, which comes into effect on May 19, could stimulate purchase pressure on the company’s stock, which has already risen about 24% to US$160 million. Expectations for Institutional investors’ greater appetite for BTC.